Housing Wire

DECEMBER 5, 2022

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It means a massive contraction in demand for mortgages, tighter margins, corporate layoffs and “right-sizing,” and concerns about what the future may hold.

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Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% However, it’s not the market of 2002-2011. Now that mortgage rates are over 6%, this one-two punch of rising prices and rising rates is the core basis of the savagely unhealthy housing market. . from July to a seasonally adjusted annual rate of 4.80

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Inventory Housing Market New Listings Mortgage 482

Housing Wire

AUGUST 23, 2022

can’t have a credit sales boom like we saw from 2002-2005. The housing construction cycle is over, but the builders will finish their homes under contract and hope rates will fall soon to lock up buyers. This is 12.6 percent (±16.9 percent)* below the revised June rate of 585,000 and 29.6 percent (±10.9 months and above.

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Housing Wire

MARCH 17, 2022

In fact, considering the drop in builders’ confidence, now we have to watch for whether some people will cancel their building contracts because rates have jumped so much while they’ve been waiting for their new home to be built. The February rate for units in buildings with five units or more was 501,000.

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Housing Wire

JANUARY 18, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Jim Butler, chief technology officer at Stavvy , to talk about moving real estate from paper to a digital transaction, how the company is using AI, and the vibe you get working with industry experts. SW: How do you decide what you want to develop next?

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Technology Real Estate Architecture Investing 345

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9% Will the 2024 Real Estate Market Improve? Average prices for closed sales increased by 7.2%

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Appraisal Today

SEPTEMBER 29, 2023

Estate and divorce require heavy networking over time with real estate agents, the primary referral source. These millions of properties across the US represent a significant subset of the larger real-estate market which has not adequately priced the cost of climate risk into its valuation. million properties, 23.9

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Insurance Appraisal Contracts Mortgage 83

Raleigh Realty

AUGUST 10, 2021

Readying a home so that it can be listed on the real estate market can be a daunting task, but there are a few steps that can be taken to alleviate some of that stress for you and your family. If you do decide to move, first, contact a local licensed real estate agent to discuss the selling process should you choose this path.

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Appraisal Today

OCTOBER 21, 2022

National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC. National Real Estate Post Video (6 minutes). Frank Garay & Brian Stevens are hosts of the National Real Estate Daily Show. Excerpts: 4 bedroom, 3 bath, 2,400 sq.ft.,

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Appraisal Today

NOVEMBER 4, 2022

Practical real estate appraisal writing tips for AMC questions. percent, but remained close to its highest since 2002,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06

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Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

DECEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc. The rural schoolhouse has been on the National Register of Historic Places since 2002. The average contract interest rate for 5/1 ARMs increased to 5.59

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Appraisal Contracts Business Mortgage 52

Houston Properties

MAY 16, 2022

Their ability to use their data and resources to help find your perfect home are some of the reasons why they are the #1 boutique real estate team in Houston. "The Their ability to use their data and resources to help find your perfect home are some of the reasons for why they are the #1 boutique real estate team in Houston.

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Marketing Real Estate Buyers Valuation 36

Will Springer Realtor

OCTOBER 11, 2022

We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. ( People love experiences to fill their memory bank and social media feed – and real estate developers are listening. So, we have a long way to go.

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Housing Market Marketing Real Estate Buyers 36

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? Fudge recently appeared at the 75th Annual National Association of Real Estate Brokers convention and of course continued her ‘appraisal bias and discrimination’ rant in a very rousing speech to the attendees. percent, the highest rate since 2002.

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Appraisal Contracts Real Estate Agent Real Estate 78